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v1 Financial Maths, STD2 F1 2023 HSC 4 MC

A company car was valued at $72 000 when new. The value of the car depreciates at a rate of 18 cents per kilometre travelled.

What is the value of the car after it has travelled a total distance of 145 000 km?

  1. $45 900
  2. $31 920
  3. $25 920
  4. $16 100
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`A`

Show Worked Solution
`text{Depreciation}` `=0.18 xx 145\ 000`  
  `=$26\ 100`  

 

`text{Car value}` `=72\ 000-26\ 100`  
  `=$45\ 900`  

 
`=>A`

Financial Maths, STD2 F1 2023 HSC 4 MC

A delivery truck was valued at $65 000 when new. The value of the truck depreciates at a rate of 22 cents per kilometre travelled.

What is the value of the truck after it has travelled a total distance of 132 600 km?

  1. $35 828
  2. $29 172
  3. $14 872
  4. $14 300
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\(A\)

Show Worked Solution

\(\text{Depreciation}=0.22\times 132\ 600=$29\ 172\)

\(\text{Truck value}=65\ 000-29\ 172=$35\ 828\)

   
\(\Rightarrow A\)